Floods: An additional 6 month extension of the suspension of tax and insurance obligations to the affected

The suspension of tax and insurance obligations in September 2023 is extended for another six months. As noted in a joint communication by the Ministries of National Economy and Finance, Labour and Social Security and Climate Crisis and Civil Protection, “with the cooperation of the Ministries involved within the Government Committee on State Aid it was decided and the extension for an additional six-month period of the provisions for the suspension of insurance obligations and tax obligations of those affected by the floods in September 2023, who were beneficiaries of the beneficial forecasts in the first six months following the extreme flooding phenomena.” In particular, the provision concerns the cases of natural and legal persons who have been directly affected by the extreme flooding phenomena of September 2023, as well as the beneficiaries of the areas within targeted perimeters affected either directly by flood phenomena, or indirectly by the effects of extreme flooding phenomena (GNIs). II 6602/21.11.2023 and II 6720/30.11.2023). In the same direction, the Ministry of National Economy and Finance has already announced the extension for an additional six months the suspension of enforcement operations on the movable or immovable property for natural persons and businesses, affected by the strong rainfall, floods and landslides of September 2023 in the Region of Thessaly (GNB B’ 1399/01.03.2024). During the next period, the Ministry of National Economy and Finance will launch the submission of a relevant legislative provision, which will allow the extension of the special provision on tax suspensions by one semester, beyond the initial first half. At the same time as the adoption of the relevant ministerial decision by the Ministry of National Economy and Finance, on the suspensions of tax obligations, following the adoption of the amendment, the corresponding decision will be adopted, on suspensions of insurance obligations, by the Ministry of Labour and Social Security.